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Author Topic: Why is the price of bitcoin so high  (Read 15510 times)
Handsome Boy
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April 04, 2018, 02:36:34 PM
 #1221

because bitcoin is the most famous coin in crypto, so many want to invest in crypto, thus making the price increase high.
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April 04, 2018, 02:51:03 PM
 #1222

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers Smiley
Because mostly people trust on the BTC it will gives us a huge profit in future


it had a huge community and it is the king of the crypto market and it controls the crypto market.
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April 04, 2018, 04:15:21 PM
 #1223

I don't thin kthat the price is Bitcoin is too high right now. It is a good time to buy some bitcoins for long term. Well we maybe dip a bit more maybe to 5k but I if you have some time just buy now and hold it for a longer time!

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April 04, 2018, 04:29:50 PM
 #1224

I think because it's the first and most known and accepted cryptocurrencies. The price is defined in the market by demand and supply.

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April 04, 2018, 04:36:32 PM
 #1225

Bitcoin is the king of cryptocurrency so thats why bitcoin has the highest price compared to alt coins. Bitcoin is the face of cryptocurreny, it is normal for it to be invested first compared to altcoins. So the demand and supply will affect the price. It is enought to say that bitcoin is the first and most heavily used coin so it deserved to have the higher price than altcoin.
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April 04, 2018, 04:38:51 PM
 #1226

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers Smiley

some would say that nowadays the price is everything but hight Smiley If you mean comparing to other altcoins, it's because bitcoin was the first one, it will be always lucrative because of its brand.

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April 04, 2018, 05:06:22 PM
 #1227

There are many reasons for Bitcoin price is growing so high. Huge publicity in the market becomes a great advantage. Big investors dominate the market, to pump its price. People around the world are using Bitcoin as an alternate source of hiding money from the government is also a big reason.
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April 04, 2018, 05:46:02 PM
 #1228

There are several reasons that bitcoin value is high in the market.
First, is that Bitcoin only has limited stocks and people who already have stocks of bitcoin surely won't sell their bitcoin in reasonable price.
Second, Bitcoin is used for peer to peer transactions and it puts the sender and the receiver in anonymous state.
Lastly,. Bitcoin is decentralized where governments cannot put laws and regulations on it in short, no one is controlling bitcoin.

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April 04, 2018, 06:00:00 PM
 #1229

Bitcoin is the mother of all coins , the first coin that launch in the cryptocurrency world, of course the rate will be high , if altcoins more higher than bitcoin , can anyone easily trade worldwide ?, bitcoin running time is over than any altcoins , and already spread worldwide and get that famous badge, who doesnt want that high rate? , all depend on you as an investors , more investors more higher for bitcoin .

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April 04, 2018, 07:06:54 PM
 #1230

Bitcoin is representative of the whole crypto industry. So if you ask someone about bitcoin don't even understand the cryptocurrency they call bitcoin. Therefore, all invest in it. And the fact that basically all pairs are traded via BTC so even if you want to buy altcoins you first need to buy BTC.
in my opinion bitcoin is the mains of all alt coin, so it's very reasonable for bitcoin to have a high price than on altcoin.

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April 04, 2018, 07:12:34 PM
 #1231

Do you think that today the price of bitcoin is really high? Are you kidding me? I on the contrary think that today the price of bitcoin is very decent, because it seems to me that for such money you can definitely buy it, of course you can sit and continue to wait for a price drop, but you can not be sure of it.
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April 04, 2018, 07:12:40 PM
 #1232

Bitcoin is the Central cryptocurrency that has been recognized in the world. After linking the business with bitcoin, there was a need for it.  Everyone started investing in BTC. And so it became the best currency.
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April 04, 2018, 07:24:25 PM
 #1233

Do you think that today the price of bitcoin is really high? Are you kidding me? I on the contrary think that today the price of bitcoin is very decent, because it seems to me that for such money you can definitely buy it, of course you can sit and continue to wait for a price drop, but you can not be sure of it.
In fact, if we look before the period of mad growth, then making comparisons it is obvious that now the price of bitcoin is high.
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April 04, 2018, 07:29:42 PM
 #1234

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers Smiley
Because it had a block chain technology and mostly people say its future is bright and it will give us a huge profit in future

&

it is the king of the crypto market  Smiley  
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April 04, 2018, 07:33:36 PM
 #1235

the price of bitcoins is getting low everday by day,,compare to last year december when it clock 20k,,,but now it has dupreciate to 6000
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April 04, 2018, 07:50:23 PM
 #1236

Hello,

Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder.

Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one.

Cheers Smiley
Because it had a block chain technology and mostly people say its future is bright and it will give us a huge profit in future

&

it is the king of the crypto market  Smiley  
It's just that bitcoin was the first coin, that's why he has the greatest popularity. Absolutely everyone knows about bitcoin. In addition, the number of bitcoins is limited, and like any other limited resource, it is more valuable than others. That's why bitcoin has a high price.
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April 04, 2018, 09:15:03 PM
 #1237

Yes bitcoin is the mother of all coin you can think of. Besides, it has become widely accepted for transactions at least to some extent, therefore the demand for it is on the rise which eventually shoot up the price (i.e the forces of demand and supply is responsible for the rise).
AltCoinBuddah
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April 04, 2018, 09:18:42 PM
 #1238

Bitcoin is the first coin in the cryptocurrency and its has huge demand they have from their service.Bitcoin is the base of all altcoins in crypto market.
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April 04, 2018, 09:30:03 PM
 #1239

Bitcoin is the first crypto currency to appear in this world. That's why it's so expensive. Its price is a reflection of its uniqueness. It will always remain the most expensive currency.
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April 04, 2018, 09:48:49 PM
 #1240

I think it has to do with the fact that the supply is relatively low and more importantly, the entire crypto infrastructure is built with BTC and ETH at its core. To buy on exchanges, participate in ICOs and buy services, you'll need either ETH or BTC. So naturally these 2 coins dominate.

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